Idea Of The Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (35514)	12/1/2000 10:29:04 AM
From: James Strauss	of 50167

Ike: Yesterday was the second highest volume day for the Nasdaq... That implies climax selling... The NDX came within 126 points of the 2300 support area(2426)... We still have pre-announcements coming in the next two weeks... So, most of the pain is over... A contra argument to the climax selling on huge volume was the late day buying also on huge volume... So, Today may just be a bounce... I'm now looking for a cross over 2800 to signal a bottom in place... That also would put the NDX above its 13 day MA... Until then, we are in limbo... The NAPM numbers suggest we are nearing the point for a FED rate cut... ************************************************************ Regional Manufacturing Surveys Importance (A-C): The Philadelphia Fed Index and Chicago PMI merit a B; the rest merit a D. Source: Varies - Purchasing managers' organizations and Federal Reserve banks. Release Time: Varies. Philadelphia Fed at 10 ET on the third Thursday of the month for the current month. Chicago PMI on the last business day of the month for the current month. There are many regional manufacturing surveys, and they tend to be ranked in order of timeliness and the importance of the region. The Philadelphia Fed's survey is first each month, actually coming out during the third week of the month for which it is reporting. Several smaller surveys are then released before the Chicago purchasing managers' report on the last day of each month. A few, such as the Atlanta and Richmond Fed surveys, are released after the NAPM and are of little value. The purchasing managers' reports are measured like the national NAPM - 50% marks the breakeven line between an expanding and contracting manufacturing sector. For the Philadelphia and Atlanta Fed indexes, 0 is the breakeven mark. These surveys can be of some help in forecasting the national NAPM - particularly the Philadelphia and Chicago surveys which are more closely watched due to their timeliness and the fact that these regions represent a reasonable cross section of national manufacturing activities. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next